Latest news with #Shopify
Yahoo
6 hours ago
- Business
- Yahoo
Coinbase rolls out stablecoin payment solution for online retail
Coinbase has launched Coinbase Payments, a new platform designed to facilitate the use of stablecoins as a method of payment for online transactions. The platform is aimed at online marketplaces such as Shopify and eBay, which provide access to small-to-medium sized businesses seeking alternatives to traditional card payment fees. The first platform to integrate Coinbase Payments is Shopify, which recently forged partnership with Coinbase and Stripe. The collaboration enables Shopify merchants to accept the stablecoin USDC, which will be processed through Coinbase's Base network, a Layer 2 blockchain solution built on Ethereum. Coinbase Payments offers e-commerce platforms benefits such as quicker settlement times, lower transaction fees, and access to a global customer base. The service includes a checkout suite that facilitates payments from various crypto wallets, including Coinbase Wallet, MetaMask, and Phantom. Additionally, it provides a connectivity layer for merchants and payment service providers to authorise transactions, process refunds, and manage subscriptions. The platform also features a payments protocol that assists merchants in carrying out blockchain-based transactions. The product suite is designed to simplify the integration of stablecoin payments for merchants and online platforms, eliminating the need for blockchain or cryptocurrency technologies expertise. In a statement, Coinbase spokesperson said: 'We built the new system to mimic credit-card rails so it slots into existing flows with zero disruption.' Last month, Coinbase also introduced x402, a new payment protocol that enables instant stablecoin payments over HTTP. This protocol is an open standard that repurposes the HTTP '402 Payment Required' status code to incorporate stablecoin payments into web-based interactions, with the potential to change transaction processes for APIs, applications, and AI agents in the internet economy. "Coinbase rolls out stablecoin payment solution for online retail " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Business
- Yahoo
DA Davidson Raises Shopify (SHOP) Price Target to $125, Maintains Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the 13 best software stocks to buy now. On June 16, DA Davidson increased its price target for Shopify (NASDAQ:SHOP) to $125 from $115 while maintaining a Buy rating. The adjustment follows Shopify's strong Q1 2025 results, with 26.5% revenue growth and a solid liquidity position. Analysts see the business as more resilient than expected and believe AI will enhance merchant engagement and growth. Photo by Roberto Cortese on Unsplash Despite rising competition, DA Davidson remains confident in Shopify's market leadership. The firm's valuation reflects optimism about Shopify's long-term potential, pricing the stock at 12 times its estimated 2026 revenue. Shopify continues to expand its merchant services and platform capabilities to strengthen its position in e-commerce. Shopify Inc. (NASDAQ:SHOP) is a global commerce technology company that helps businesses of all sizes start, scale, and manage their operations. Its platform enables merchants to handle inventory, payments, orders, and customer relationships across online stores, physical locations, and marketplaces. While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Yahoo
9 hours ago
- Business
- Yahoo
DA Davidson Raises Shopify (SHOP) Price Target to $125, Maintains Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the 13 best software stocks to buy now. On June 16, DA Davidson increased its price target for Shopify (NASDAQ:SHOP) to $125 from $115 while maintaining a Buy rating. The adjustment follows Shopify's strong Q1 2025 results, with 26.5% revenue growth and a solid liquidity position. Analysts see the business as more resilient than expected and believe AI will enhance merchant engagement and growth. Photo by Roberto Cortese on Unsplash Despite rising competition, DA Davidson remains confident in Shopify's market leadership. The firm's valuation reflects optimism about Shopify's long-term potential, pricing the stock at 12 times its estimated 2026 revenue. Shopify continues to expand its merchant services and platform capabilities to strengthen its position in e-commerce. Shopify Inc. (NASDAQ:SHOP) is a global commerce technology company that helps businesses of all sizes start, scale, and manage their operations. Its platform enables merchants to handle inventory, payments, orders, and customer relationships across online stores, physical locations, and marketplaces. While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Fashion Network
12 hours ago
- Business
- Fashion Network
UK retail weak in May says ONS data, fashion lags but reasons for June optimsim abound
Non-food stores sales volumes — the total of department, clothing, household and other non-food stores — fell by 1.4% over the month, mainly because of falls in clothing and household goods stores. Retailer comments mentioned reduced footfall and consumers having completed home projects earlier than usual this year because of good weather, leading to lower sales in May. Meanwhile online spending values fell by 1% month on month and 2.5% year on year. Total value spend across in-store and online fell by 2.4% over the month and as a result, the proportion of sales made online rose from 26.8% in April 2025 to 27.2% in May. So nothing to write home about there. But what did analysts and industry insiders think of it all? Deann Evans, MD EMEA, at online shopping giant Shopify, said retailers will be disappointed, especially after consecutive rises. She said the 3.4% inflation rate may have been partly to blame, or perhaps the lasting effects from April's increases in annual domestic bills and National Insurance contributions. But she also sees 'reason to be optimistic that the summer months and warmer weather will inspire increased consumer spending and a return to sales growth. According to our Shopify data for May, UK consumers were busy preparing for aquatic fun with sales of Pool Floats & Loungers (+101%), Child Swimming Aids (+74.7%) and Swim Goggles & Masks (+62.4%) all rising significantly compared to April. 'Perhaps even more impactful will be the cultural moments that summer brings. Just like we saw with Taylor Swift's Eras tour last year, the 'Beyoncé Effect' is in full swing as she brings her Cowboy Carter tour to the UK. Our data reveals a significant increase in the sales of western fashion items last month compared to May 2024, such as denim shorts (+52%), cowboy hats (+288%) and belts (+62%). With Glastonbury Festival and the Oasis tour close on the horizon, there is a significant opportunity here for retailers to capitalise — provided they have the right tools and systems in place. A strong digital presence and social media strategy are particularly key to winning the lottery ticket of celebrity influence and having the right people notice your products, and retailers must keep this front of mind this summer.' And Jim Rudall, regional director EMEA at email and marketing automation platform Intuit Mailchimp also said it was a disappointing month, 'especially with high expectations for a boost around the May bank holidays — which our New E-Commerce Calendar report ranks as the top two shopping moments for UK consumers in May (based on spending propensity).' But he too sees some bright spots on the horizon given the aforementioned cultural moments plus Royal Ascot and the FIFA Club World Cup. That New E-Commerce Calendar he mentioned revealed major entertainment events and music festivals prompted 15% of shoppers to make purchases in the last two years, 'offering brands the chance to ride a cultural wave and flex their personalities'. And of course Father's Day will impact June with Intuit Mailchimp research having identified it 'as the most significant shopping moment for June'. Meanwhile, Oliver Vernon-Harcourt, head of retail at Deloitte, said:'For the first time this year, retail sales fell more than expected, as two bank holidays and further good weather were not enough to entice spending. A late Easter combined with the sunniest April on record brought some seasonal sales forward, [and] continued inflationary pressures from food, furniture and household goods hampered sales volumes. 'Overall, consumers remain cautious in the face of persistent inflation, increased utility costs and ongoing geopolitical uncertainty. While this transpired into fewer purchases in May, there is a broader picture of improving household finances. Consumers have been saving at one of the highest levels on record, and with robust real wage growth, this could generate some helpful tailwinds for the retail sector throughout the rest of 2025. With warm weather set to continue, retailers will hope to see a boost from the sale of summer food, clothing and outdoor offerings, resulting in a return to growth in the months ahead.' And Jacqueline Windsor, Head of Retail at PwC UK highlighted how the 'gloomier weather also impacted demand for new season's fashion, with clothing retailers reversing a quarter of improving sales performance, making it the worst-performing category in May. 'The fact that retail sales fell back in May was not a surprise given the unusually strong performance the previous month. However, it does underline the fragility of consumers' spending power and the retail sector in the current economic climate.'
Axios
13 hours ago
- Business
- Axios
Why CEOs are using AI to scare workers
Chief executives are giving employees an AI fright — warning them the new technology could make many workers obsolete, while at the same time urging them to start using it right away. Why it matters: That's a scary and mixed message, and fear is generally considered to have a bad track record as a management technique. At the extremes, managers could actually wind up inhibiting workers from adapting to AI. Catch up quick: In a post earlier this week, Amazon CEO Andy Jassy offered his thoughts on generative AI. In paragraph 15, he gets to the scary bit: The transformation will likely" reduce our total corporate workforce." Jassy is echoing the message of many other leaders. JPMorgan's consumer chief recently told investors AI would allow for a 10% headcount reduction. Other companies have already blamed AI for layoffs. Meanwhile, there's a constant barrage of surveys and dark warnings about AI taking jobs. Zoom out: Here are a few explanations for the wave of hard-nosed AI messaging: 🙏 Genuine belief: Executives are concerned about AI's impact. They believe employees aren't taking it seriously enough, says Brian Elliott, a leadership consultant. Some lean toward "a more balanced message," he says. They suggest they'll be slowing or stopping hiring, while imploring workers to adapt. Shopify CEO Toby Lutke did this in an email to employees. Rather than threaten layoffs, he says using AI is now a "baseline expectation" at the company. Before any new hiring, managers would have to demonstrate that AI couldn't fill the role. Lutke ultimately posted this internal message publicly. 📋 Setting expectations: It's a way to make chief executives look more transparent, and gives them cover to conduct future layoffs without shocking employees, says Jeffrey Sonnenfeld, a professor at Yale School of Management. All this talk has an "inoculation effect," he says. "A warning with an anticipatory alert that preempts later trauma going viral." 📈Appealing to investors: The tough talk is for Wall Street, a signal that a company is on trend. (It doesn't hurt that investors tend to like layoffs.) 📖 Talking their book: AI companies, and the firms making massive investments in the tech, have a story to sell about how valuable it is. "Some of the loudest voices are the AI arms merchants," Elliott points out. They need to free up revenue to pay astronomical sums for AI power and talent. Friction point: Managing through fear doesn't usually work, decades of research has shown. Scaring employees could inspire them to action. But there are "toxic effects over the long run," as Wharton professor Andrew Carton explained in a post a few years ago. It can stifle creativity, inhibit collaboration and lead to burnout, he said.
